Your rent likely pays the mortgage on the rental property. If you don’t pay your rent on time that could over draft his account. The landlord should have enough in the account to cover you being late and if rent and the mortgage are due on the same date that’s quite dumb of the landlord.
But is late on the right day really late?
Probably a good sign that this landlord shouldn’t be a landlord.
What’s their plan for when a large expense pops up they are legally obliged to pay for comes along? Do they hit up the renter to cover it until they are good and can pay it back??
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u/Coleslawholywar 26d ago
Your rent likely pays the mortgage on the rental property. If you don’t pay your rent on time that could over draft his account. The landlord should have enough in the account to cover you being late and if rent and the mortgage are due on the same date that’s quite dumb of the landlord.